Wise Up When it Comes to Online & Identity Fraud

The loss by staff at Her Majesty's Revenue &customers will be reimbursed their losses, but
Customs of two CDs that contain sensitivethose who were affected will have suffered a
information about 25million UK residents is only thegreat deal of inconvenience and worry, and their
latest in a series of high-profile scare stories thatconfidence in using their cards online or on the
highlight the need to protect our personal andphone may well be shattered.
financial information, and prevent us becoming theThe combination of the tax office fiasco and the
unwitting victims of identity fraud.calculated infiltration of Tesco has prompted a lot
In 2006 an estimated 178,000 people in Britainof opinion from fraud experts about the
were affected by identity fraud which cost theseriousness of these security breaches. Some,
country close to £1.7billion. There is a thrivingsay the information lost by the government
illegal market in stolen identities where the price ofwould be of little use to potential fraudsters, but
obtaining someone's date of birth, credit cardothers say there is enough information there for
details and other sensitive information can be ascriminals to start making significant inroads into
little as £7.stealing numerous people's identities.
Of course, when the government potentially givesBut, what can you do to minimise the risk? It has
away our personal information there is little wealways been important to compare credit cards
can do. And, it's not just governmentand the benefits that they offer when shopping
incompetence that poses a risk; fraudstersaround for a new card, but now a growing
infiltrating commercial organisations and stealingnumber of credit card deals include online fraud
customer's details is also a real threat, and oneprotection as part of the package. For those
that has reared its ugly head recently.worried by recent events and who do a great
A member of staff at the Cardiff call centre ofdeal of online shopping this should be considered
Tesco Direct - the online & catalogue shop foran essential benefit. As well as refunding you in
superstore giants Tesco - was arrested aftercase of loss, you will also have peace of mind.
stealing shopper's debit and credit card details.Although there is no way to stop government
Working in the telephone orders department theincompetence or commercial fraud, if you possess
fraudster passed on the customer's personal andUK credit cards that offer fraud protection at
credit card details to accomplices in London wholeast you won't be out of pocket in the long run
then used them to buy goods. Of course, Tescoshould the worst ever happen.